Ensign Peak Advisors Inc Sells 21,493 Shares of Generac Holdings Inc. (NYSE:GNRC)

Ensign Peak Advisors Inc trimmed its position in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 36.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,814 shares of the technology company's stock after selling 21,493 shares during the period. Ensign Peak Advisors Inc owned 0.06% of Generac worth $5,863,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Generac during the 4th quarter valued at $90,913,000. Boston Partners raised its position in shares of Generac by 39.0% during the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company's stock valued at $295,123,000 after buying an additional 533,612 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company's stock valued at $161,684,000 after buying an additional 469,575 shares in the last quarter. Jennison Associates LLC raised its position in shares of Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company's stock valued at $104,227,000 after buying an additional 384,434 shares in the last quarter. Finally, Forest Avenue Capital Management LP purchased a new stake in shares of Generac during the 4th quarter valued at $49,313,000. 84.04% of the stock is owned by institutional investors.

Generac Trading Up 1.6%

Shares of NYSE GNRC traded up $2.09 during midday trading on Friday, hitting $129.55. 695,890 shares of the company traded hands, compared to its average volume of 853,088. Generac Holdings Inc. has a 12-month low of $99.50 and a 12-month high of $195.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The stock has a 50-day moving average price of $120.06 and a 200 day moving average price of $146.73. The firm has a market cap of $7.65 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 EPS for the quarter, topping the consensus estimate of $0.99 by $0.27. Generac had a net margin of 7.36% and a return on equity of 18.17%. The business had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Generac's quarterly revenue was up 5.9% on a year-over-year basis. As a group, analysts expect that Generac Holdings Inc. will post 8 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on GNRC shares. The Goldman Sachs Group decreased their target price on shares of Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. TD Securities lowered their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Canaccord Genuity Group lowered their price target on shares of Generac from $200.00 to $180.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. TD Cowen lowered their price target on shares of Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Bank of America started coverage on shares of Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price target for the company. Eight research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.20.

Generac Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.